🚨 BREAKING NEWS: Brad Garlinghouse says that the CA ruling | Crypto chronicle on Binance Square

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🚨 BREAKING NEWS:
Brad Garlinghouse says that the CA ruling dismissed all allegations that Ripple had somehow violated federal securities law by selling XRP! 
#XRP IS NOT A SECURITY! 🏆

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#XRP - monthly close tomorrow! Last time all 3 oscillators had BULLISH CROSS, $XRP 600x in 1 year! Will we have a bullish cross confirmation in August?! Will post 5 detailed XRP TA on binance next week

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In a recent interview, Ripple's CEO, Brad Garlinghouse, announced that the company's long-standing legal dispute with the SEC is nearing its end. He revealed that Ripple and the SEC are expected to reach a settlement next week following a private meeting. For years, Ripple and the SEC have been at odds over whether XRP, the digital asset associated with Ripple, should be classified as a security. Garlinghouse has consistently argued that XRP is not a security, a position recently upheld by a judge's ruling. He stated, "This should have never been a partisan issue. We are seeking regulation and clarity." Garlinghouse has been vocal in criticizing President Joe Biden's approach to cryptocurrency regulation. Reflecting on the lack of progress, he remarked, "Five years ago, I pointed out the absence of clear rules. Now, after an extended legal battle with the SEC, there is still no clarity." He also commented on SEC Chairman Gary Gensler's stance, saying, "Gensler views everything as a digital security. Despite judges ruling against him multiple times, he continues to push this narrative." Regarding his interactions with the Biden administration, Garlinghouse mentioned a recent crypto roundtable in Washington, D.C., which included participants from both political parties. "It was encouraging to see them engaging with the industry," he noted. While Democrats have been slower to embrace crypto compared to Republicans, he saw the discussion as a positive step. He also marked the one-year anniversary of the ruling that declared XRP is not a security, describing it as a significant moment for the industry. Garlinghouse also emphasized the progress of international crypto regulations, noting that many countries have established frameworks for crypto oversight. "It's frustrating that the U.S. is lagging behind while other countries are moving forward," he said. He disclosed that Ripple has spent over $150 million and three years in legal battles, expressing disappointment that the U.S. remains entangled in litigation while other nations advance.

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**Breaking News: WazirX Seeks Binance's Assistance Following $230 Million Hack** In a significant development in the cryptocurrency world, WazirX, a prominent cryptocurrency exchange, has reportedly reached out to Binance for assistance following a massive security breach. According to sources, WazirX experienced a hack resulting in a loss of approximately $230 million. The exchange is now seeking Binance's support to compensate the affected users and mitigate the fallout from this unfortunate incident. Binance, one of the largest cryptocurrency exchanges globally, holds $80 million worth of WRX tokens, the native cryptocurrency of WazirX. This substantial holding places Binance in a pivotal position to potentially assist in the recovery efforts. The partnership between WazirX and Binance has been crucial in the past, with Binance acquiring WazirX in 2019. This alliance has allowed WazirX to leverage Binance's vast resources and expertise, enhancing its security and operational capabilities. The recent hack has sent shockwaves through the crypto community, highlighting the persistent challenges in ensuring the security of digital assets. The request for assistance from Binance underscores the gravity of the situation and the importance of swift action to restore confidence among users. As the situation develops, the collaboration between WazirX and Binance could set a precedent for how exchanges handle security breaches and user compensation. The crypto community will be closely watching the next steps taken by both entities, as they navigate this crisis and work towards a resolution. Stay tuned for further updates on this developing story as more details emerge. *Note: This content is based on a circulating rumor and has not been confirmed by official sources.*

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